Comments on: What is the sell back value of gold? If you buy gold today at $1000.00 an oz, how much can it be sold for? http://www.goldbuyingguide.com/blog/what-is-the-sell-back-value-of-gold-if-you-buy-gold-today-at-100000-an-oz-how-much-can-it-be-sold-for/ Fri, 18 May 2012 03:07:03 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Ted http://www.goldbuyingguide.com/blog/what-is-the-sell-back-value-of-gold-if-you-buy-gold-today-at-100000-an-oz-how-much-can-it-be-sold-for/comment-page-1/#comment-1898 Ted Fri, 04 Dec 2009 22:27:17 +0000 http://www.goldbuyingguide.com/blog/what-is-the-sell-back-value-of-gold-if-you-buy-gold-today-at-100000-an-oz-how-much-can-it-be-sold-for/#comment-1898 Most coins dealers I have seen will buy or sell at the same price (current London fix). They make their money off fees. If you buy for 1000 and pay a $25 per oz fee, then you walk around the block, you could probably sell it back for $1000, but would have to pay another $25 per oz fee, so it would cost you $50 per oz for the round trip. This is why it's hard for individuals to make money trading physical gold. It has to go up that much just to cover your costs. Some dealers charge more than $25. That's for standard bullion coins. Unusual bars could be a lot more.<a href="http://www.supersportsstore.com/women-s-clothing-7820"> Ted</a> Most coins dealers I have seen will buy or sell at the same price (current London fix). They make their money off fees. If you buy for 1000 and pay a $25 per oz fee, then you walk around the block, you could probably sell it back for $1000, but would have to pay another $25 per oz fee, so it would cost you $50 per oz for the round trip. This is why it’s hard for individuals to make money trading physical gold. It has to go up that much just to cover your costs. Some dealers charge more than $25. That’s for standard bullion coins. Unusual bars could be a lot more. Ted

]]> By: MVD34 http://www.goldbuyingguide.com/blog/what-is-the-sell-back-value-of-gold-if-you-buy-gold-today-at-100000-an-oz-how-much-can-it-be-sold-for/comment-page-1/#comment-1897 MVD34 Tue, 01 Dec 2009 15:32:01 +0000 http://www.goldbuyingguide.com/blog/what-is-the-sell-back-value-of-gold-if-you-buy-gold-today-at-100000-an-oz-how-much-can-it-be-sold-for/#comment-1897 Yes -- generically speaking the investment commission on precious metals is 10% to 20% (sometimes expressed as a markup rather than a commission). The retail spread is often double that -- or 40%, especially if you go too far down market to sell. You are almost always better off with a specialist, jeweler for jewelry, coin dealer for coins, etc. because they are the only ones who will every pay you a premium for specifics if it exists.<a href="http://www.djthings.com/american-dj-m3500"> MVD34</a> Yes — generically speaking the investment commission on precious metals is 10% to 20% (sometimes expressed as a markup rather than a commission).

The retail spread is often double that — or 40%, especially if you go too far down market to sell. You are almost always better off with a specialist, jeweler for jewelry, coin dealer for coins, etc. because they are the only ones who will every pay you a premium for specifics if it exists. MVD34

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